Hourglass Capital LLC decreased its holdings in Uniti Group Inc (NASDAQ:UNIT) by 24.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,382 shares of the real estate investment trust’s stock after selling 45,758 shares during the period. Hourglass Capital LLC’s holdings in Uniti Group were worth $2,497,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Advisory Services Network LLC raised its stake in Uniti Group by 2.3% in the second quarter. Advisory Services Network LLC now owns 45,920 shares of the real estate investment trust’s stock worth $1,154,000 after buying an additional 1,047 shares in the last quarter. Bank of Montreal Can raised its stake in Uniti Group by 20.4% in the fourth quarter. Bank of Montreal Can now owns 21,306 shares of the real estate investment trust’s stock worth $378,000 after buying an additional 3,608 shares in the last quarter. Swiss National Bank increased its position in shares of Uniti Group by 1.8% during the fourth quarter. Swiss National Bank now owns 283,874 shares of the real estate investment trust’s stock worth $5,050,000 after purchasing an additional 5,100 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Uniti Group by 9.9% during the fourth quarter. State of Alaska Department of Revenue now owns 103,350 shares of the real estate investment trust’s stock worth $1,837,000 after purchasing an additional 9,270 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Uniti Group by 4.0% during the fourth quarter. California Public Employees Retirement System now owns 245,380 shares of the real estate investment trust’s stock worth $4,365,000 after purchasing an additional 9,500 shares in the last quarter. 69.16% of the stock is owned by institutional investors.

Uniti Group Inc (NASDAQ UNIT) opened at $15.34 on Tuesday. The stock has a market capitalization of $2,533.68, a price-to-earnings ratio of -49.48, a PEG ratio of 0.75 and a beta of 0.90. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of -0.05. Uniti Group Inc has a 12-month low of $13.81 and a 12-month high of $29.65.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 15.65%. The ex-dividend date of this dividend is Wednesday, March 28th. Uniti Group’s payout ratio is -774.19%.

A number of brokerages have recently issued reports on UNIT. BidaskClub raised Uniti Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 30th. Royal Bank of Canada reduced their price target on Uniti Group from $32.00 to $18.00 and set an “outperform” rating on the stock in a research report on Monday, November 6th. ValuEngine downgraded Uniti Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Cowen reaffirmed a “buy” rating on shares of Uniti Group in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $26.14.

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Uniti Group Profile

Uniti Group Inc, formerly Communications Sales & Leasing, Inc, is an internally managed real estate investment trust engaged in the acquisition and construction of infrastructure in the communications industry. The Company focuses on acquiring and constructing fiber optic broadband networks, wireless communications towers, copper and coaxial broadband networks and data centers.

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Institutional Ownership by Quarter for Uniti Group (NASDAQ:UNIT)

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